UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): December 23, 2025

AMPLIFY ENERGY CORP.

(Exact Name of Registrant as Specified in Charter)

Delaware	001-35512	82-1326219
(State or other jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

500 Dallas Street, Suite 1700 Houston, Texas		77002
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (832) 219-9001

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b):

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		AMPY		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

EXPLANATORY NOTE

As previously announced, on October 28, 2025, Amplify Energy Operating LLC, a Delaware limited liability company (“OLLC”), and Magnify Energy Services LLC, a Delaware limited liability company (“Magnify” and together with OLLC, the “EQV Sellers”), each an indirect, wholly owned subsidiary of Amplify Energy Corp., a Delaware corporation (the “Company”), entered into a purchase and sale agreement (the “EQV Purchase and Sale Agreement”) with EQV Alpha LLC, a Delaware limited liability company (“Alpha”), pursuant to which the EQV Sellers sold to Alpha certain assets of the EQV Sellers, which include, among other things, the EQV Sellers’ right, title and interest in and to certain specified oil and gas Properties and Equipment (each, as defined in the EQV Purchase and Sale Agreement) within or related to certain designated lands in East Texas and Louisiana (the “EQV Asset Sale”).

In addition to the EQV Asset Sale and as previously announced, on November 4, 2025, Amplify Oklahoma Operating LLC, a Delaware limited liability company and an indirect, wholly owned subsidiary of the Company (“Amplify Oklahoma”), Magnify (together with Amplify Oklahoma, the “Revolution Sellers”), and, for certain limited purposes, OLLC, entered into a purchase and sale agreement (the “Revolution Purchase and Sale Agreement”) with Revolution Resources III, LLC, a Delaware limited liability company (“Revolution”), pursuant to which the Revolution Sellers sold to Revolution certain assets of the Revolution Sellers, which include, among other things, the Revolution Sellers’ right, title and interest in and to certain specified oil and gas Properties and Equipment (each, as defined in the Revolution Purchase and Sale Agreement) within or related to certain designated lands in Oklahoma (the “Probable Revolution Asset Sale” and together with the “EQV Asset Sale” the “Asset Sales”). The Probable Revolution Asset Sale is expected to close on or about December 29, 2025.

Item 2.01. Completion of Acquisition or Disposition of Assets.

The disclosure set forth in the Explanatory Note relating to the EQV Asset Sale is incorporated by reference into this Item 2.01.

The EQV Asset Sale was completed on December 23, 2025, for total proceeds of approximately $122.0 million in cash, subject to customary post-closing adjustments. This disposition does not qualify as a discontinued operation.

The forgoing description of the EQV Asset Sale does not purport to be complete and is qualified in its entirety by reference to the full text of the EQV Purchase and Sale Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 7.01. Regulation FD Disclosure.

On December 23, 2025, the Company issued a press release announcing the events described in Item 1.01 of this Current Report. A copy of the press release is attached hereto as Exhibit 99.2.

The information contained in this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(b) Pro Forma Financial Information

The following unaudited pro forma condensed consolidated financial information of the Company giving effect to the Asset Sales is being filed as Exhibit 99.1 of this Form 8-K and is incorporated herein by reference:

Unaudited Pro Forma Condensed Consolidated Balance Sheet as of September 30, 2025.

Unaudited Pro Forma Condensed Statement of Consolidated Operations for the nine months ended September 30, 2025.

Unaudited Pro Forma Condensed Statement of Consolidated Operations for the year ended December 31, 2024.

As described above, the Probable Revolution Asset Sale has not closed and is expected to close on or about December 29, 2025; however, management believes such sales are probable. The pro forma financial information contains management’s current expectations with respect to certain estimates of allocated expenses and an estimate of the final proceeds to be received from the Probable Revolution Asset Sale. The actual amounts could vary, possibly materially, from management’s current expectations. Following the closing of the Probable Revolution Asset Sale, the Company expects to file a Current Report on Form 8-K that will reflect the final terms of the Probable Revolution Asset Sale.

(d) Exhibits.

Exhibit Number		Description
2.1*		Purchase and Sale Agreement, dated October 28, 2025, among Amplify Energy Operating LLC, Magnify Energy Services LLC and EQV Alpha LLC (incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 29, 2025).

99.1		Unaudited Pro Forma Condensed Consolidated Financial Statements of Amplify Energy Corp.

99.2		Press Release, dated December 23, 2025.

104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

* Certain schedules and exhibits to this agreement have been omitted in accordance with Item 601(a)(5) of Regulation S-K. A copy of any omitted schedule and/or exhibit will be furnished to the Securities and Exchange Commission on request.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: December 23, 2025	AMPLIFY ENERGY CORP.

	By:	/s/ Daniel Furbee
		Name: Daniel Furbee
		Title: Chief Executive Officer

Exhibit 99.1

AMPLIFY ENERGY CORP.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Introduction

The following unaudited pro forma financial information gives effect to:

The East Texas Divestiture (as defined in Note 1 of the Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements) by Amplify Energy Operating LLC, a Delaware limited liability company (“OLLC”) and Magnify Energy Services LLC, a Delaware limited liability company (“Magnify” and together with OLLC, the “EQV Sellers”), each an indirect, wholly owned subsidiary of Amplify Energy Corp., a Delaware corporation (the “Company”), to EQV Alpha LLC, a Delaware limited liability company (“Alpha”), which was completed on December 23, 2025. The total proceeds received was approximately $122.0 million, subject to customary post-closing adjustments; and

The Probable Oklahoma Divestiture (as defined in Note 1 of the Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements) by Amplify Oklahoma Operating LLC, a Delaware limited liability company and an indirect, wholly owned subsidiary of the Company (“Amplify Oklahoma”), and Magnify (together with Amplify Oklahoma, the “Revolution Sellers”), to Revolution Resources III, LLC, a Delaware limited liability company (“Revolution”). The expected purchase price for the Probable Oklahoma Divestiture is $92.5 million, subject to customary post-closing adjustments.

See Note 1 of the Notes to Unaudited Pro Forma Condensed Consolidated Financial Statements for a description of the East Texas Divestiture and the Probable Oklahoma Divestiture.

The unaudited pro forma condensed consolidated balance sheet is based on the unaudited condensed consolidated balance sheet of the Company as of September 30, 2025 and includes pro forma adjustments to give effect to both the East Texas Divestiture and the Probable Oklahoma Divesture as if the transactions had occurred on September 30, 2025. The unaudited pro forma condensed statement of consolidated operations for the nine months ended September 30, 2025 is based on the unaudited condensed statement of consolidated operations of the Company for the nine months ended September 30, 2025 and includes pro forma adjustments to give effect to both the East Texas Divestiture and the Probable Oklahoma Divestiture as if the transactions had occurred on January 1, 2024. The unaudited pro forma condensed statement of consolidated operations for the year ended December 31, 2024 is based on the audited statement of consolidated operations of the Company for the year ended December 31, 2024 and includes pro forma adjustments to give effect to both the East Texas Divestiture and the Probable Oklahoma Divestiture as if the transactions had occurred on January 1, 2024.

The pro forma adjustments to the historical unaudited condensed consolidated financial statements are based on currently available information and certain estimates and assumptions. The actual effect of the transactions discussed in the accompanying notes ultimately may differ from the unaudited pro forma adjustments included herein. However, management believes that the assumptions utilized to prepare the pro forma adjustments provide a reasonable basis for presenting the significant effects of the transactions and that the unaudited pro forma adjustments are factually supportable, give appropriate effect to the impact of events that are directly attributable to the transactions, and reflect those items expected to no longer have a continuing impact on the Company.

AMPLIFY ENERGY CORP/

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

SEPTEMBER 30, 2025

(In thousands, except outstanding units)

							Probable
				East Texas			Oklahoma			Pro Forma
	Historical			Divestiture			Divestiture			Adjustments			Pro Forma
ASSETS
Current assets:
Cash and cash equivalents	$	—		$	122,000	(a)	$	92,500	(c)	$	—		$	91,500
					(115,000	)(b)		(8,000	)(d)		—
Accounts receivable, net		33,207			—			—			—			33,207
Short-term derivative instruments		10,983			137	(a)		—			—			11,120
Prepaid expenses and other current assets		26,168			(826	)(a)		(1,502	)(c)		(1,194	)(e)		22,646
Total current assets		70,358			6,311			82,998			(1,194	)		158,473
Property and equipment, at cost:
Oil and natural gas properties, successful efforts method		903,217			(333,765	)(a)		(197,003	)(c)		—			372,450
Support equipment and facilities		154,844			—			—			—			154,844
Other		12,404			(11,742	)(a)		(334	)(c)		—			328
Accumulated depreciation, depletion and amortization		(711,469	)		266,243	(a)		94,973	(c)		—			(350,254	)
Property and equipment, net		358,996			(79,264	)		(102,364	)		—			177,368
Long-term derivative instruments		273			1,579	(a)		—			—			1,852
Restricted investments		37,684			—			—			—			37,684
Operating lease - long term right-of-use asset		3,730			—			—			—			3,730
Deferred tax asset		258,600			—			—			—			258,600
Other long-term assets		1,714			—			—			(995	)(e)		719
Total assets	$	731,355		$	(71,374	)	$	(19,366	)	$	(2,189	)	$	638,426

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	29,154		$	—		$	—			—		$	29,154
Revenues payable		10,145			(2,815	)(a)		(1,468	)(c)		—			5,862
Accrued liabilities		29,698			(927	)(a)		(150	)(c)		5,800	(f)		34,421
Total current liabilities		68,997			(3,742	)		(1,618	)		5,800			69,437
Long-term debt		123,000			(115,000	)(b)		(8,000	)(d)		—			—
Asset retirement obligations		133,276			(50,170	)(a)		(11,880	)(c)		—			71,226
Operating lease liability		2,985			—			—			—			2,985
Other long-term liabilities		10,123			—			—			—			10,123
Total liabilities		338,381			(168,912	)		(21,497	)		5,800			153,771
Stockholders' equity (deficit):
Preferred stock, $0.01 par value: 50,000,000 shares authorized; no shares issued and outstanding at September 30, 2025		—			—			—			—			—
Common Stock, $0.01 par value: 250,000,000 shares authorized; 40,475,997 shares issued and outstanding at September 30, 2025		405			—			—			—			405
Additional paid-in capital		444,480			—			—			—			444,480
Accumulated deficit		(51,911	)		97,539	(a)		2,132	(c)		(7,989	)(e), (f)		39,770
Total stockholders' equity (deficit)		392,974			97,539			2,132			(7,989	)		484,655
Total liabilities and equity	$	731,355		$	(71,374	)	$	(19,366	)	$	(2,189	)	$	638,426

AMPLIFY ENERGY CORP

UNAUDITED PRO FORMA CONDENSED STATEMENT OF CONSOLIDATED OPERATIONS

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025

(In thousands, except per unit amounts)

							Probable
				East Texas			Oklahoma			Pro Forma
	Historical			Divestiture (g)			Divestiture (h)			Adjustment			Pro Forma
Revenues:
Oil and natural gas sales	$	201,357		$	(41,984	)	$	(34,241	)	$	—		$	125,132
Other revenues		5,450			(3,360	)		(2,012	)		—			78
Total revenues		206,807			(45,344	)		(36,253	)		—			125,210

Costs and expenses:														—
Lease operating expense		111,652			(14,861	)		(12,642	)		—			84,149
Gathering, processing and transportation		14,246			(7,561	)		(3,991	)		—			2,694
Taxes other than income		12,337			(1,821	)		(2,137	)		—			8,379
Depreciation, depletion and amortization		27,263			(5,264	)		(5,939	)		—			16,060
Impairment expense		42,450			—			(34,002	)		—			8,448
General and administrative expense		33,776			—			—			—			33,776
Accretion of asset retirement obligations		6,612			(2,589	)		(417	)		—			3,606
Loss (gain) on commodity derivative instruments		(14,767	)		158			—			—			(14,609	)
Pipeline incident loss		645			—			—			—			645
(Gain) loss on sale of properties		(9,536	)		—			—			—			(9,536	)
Other, net		86			(65	)		(17	)		—			4
Total costs and expenses		224,764			(32,003	)		(59,145	)		—			133,616
Operating income (loss)		(17,957	)		(13,341	)		22,892			—			(8,406	)
Other income (expense):
Interest expense, net		(10,973	)		—			—			8,865	(i)		(989	)
					—			—			1,119	(j)
Other income (expense)		(479	)		599			—			—			120
Total other income (expense)		(11,452	)		599			—			9,984			(869	)
Income (loss) before income taxes		(29,409	)		(12,742	)		22,892			9,984			(9,275	)
Income tax (expense) benefit - current		(380	)		—			—			—			(380	)
Income tax (expense) benefit - deferred		9,346			—			—			—			9,346
Net income (loss)	$	(20,443	)	$	(12,742	)	$	22,892		$	9,984		$	(309	)

Earnings (loss) per share:
Basic and diluted earnings (loss) per share	$	(0.51	)										$	(0.01	)
Weighted average common shares outstanding:
Basic and diluted		40,337												40,337

AMPLIFY ENERGY CORP

UNAUDITED PRO FORMA CONDENSED STATEMENT OF CONSOLIDATED OPERATIONS

FOR THE YEAR ENDED DECEMBER 31, 2024

(In thousands, except per unit amounts)

							Probable
				East Texas			Oklahoma			Pro Forma
	Historical			Divestiture (g)			Divestiture (h)			Adjustment			Pro Forma
Revenues:
Oil and natural gas sales	$	282,992		$	(47,549	)	$	(50,469	)	$	—		$	184,974
Other revenues		11,689			(8,217	)		(2,362	)		—			1,110
Total revenues		294,681			(55,766	)		(52,831	)		—			186,084

Costs and expenses:
Lease operating expense		142,950			(22,609	)		(15,951	)		—			104,390
Gathering, processing and transportation		18,427			(9,914	)		(5,646	)		—			2,867
Taxes other than income		20,895			(3,215	)		(3,166	)		—			14,514
Depreciation, depletion and amortization		32,586			(7,088	)		(9,619	)		—			15,879
General and administrative expense		35,895			—			—			5,800	(k)		41,695
Accretion of asset retirement obligations		8,438			(3,337	)		(540	)		—			4,561
Loss (gain) on commodity derivative instruments		2,047			(1,587	)		—			—			460
Pipeline incident loss		3,859			—			—			—			3,859
(Gain) loss on sale of properties		(1,367	)		—			—			(99,670	)(a), (c)		(101,037	)
Other, net		531			(156	)		(102	)		—			273
Total costs and expenses		264,261			(47,906	)		(35,024	)		(93,870	)		87,460
Operating income (loss)		30,420			(7,860	)		(17,807	)		93,870			98,623
Other income (expense):
Interest expense, net		(14,599	)		—			—			12,224	(l)		(1,142	)
					—			—			1,233	(j)
Other income (expense)		(447	)		—			—			—			(447	)
Total other income (expense)		(15,046	)		—			—			13,457			(1,589	)
Income (loss) before income taxes		15,374			(7,860	)		(17,807	)		107,327			97,034
Income tax (expense) benefit - current		(232	)		—			—			—			(232	)
Income tax (expense) benefit - deferred		(2,196	)		—			—			—			(2,196	)
Net income (loss)	$	12,946		$	(7,860	)	$	(17,807	)	$	107,327		$	94,606

Earnings (loss) per share:
Basic and diluted earnings (loss) per share	$	0.31											$	2.39
Weighted average common shares outstanding:
Basic and diluted		39,655												39,655

AMPLIFY ENERGY CORP.

NOTES TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Description of Divestitures and Basis of Presentation

Description of Divestitures

On October 28, 2025, the EQV Sellers entered into a purchase and sale agreement (the “EQV Purchase and Sale Agreement”) with Alpha, pursuant to which the EQV Sellers sold to Alpha certain assets of the EQV Sellers, which include, among other things, the EQV Sellers’ right, title and interest in and to certain specified oil and gas Properties and Equipment (each, as defined in the EQV Purchase and Sale Agreement) within or related to certain designated lands in East Texas and Louisiana (the “East Texas Divestiture”). The East Texas Divestiture was completed on December 23, 2025, for total proceeds of approximately $122.0 million, subject to customary post-closing adjustments. The total proceeds of $122.0 million include approximately $2.6 million attributable to certain assets for which consents had not been obtained by the closing date, with management expecting to receive these additional proceeds post-closing. This disposition does not qualify as a discontinued operation.

On November 4, 2025, the Revolution Sellers, and, for certain limited purposes, OLLC, entered into a purchase and sale agreement (the “Revolution Purchase and Sale Agreement”) with Revolution, pursuant to which the Revolution Sellers sold to Revolution certain assets of the Revolution Sellers, which include, among other things, the Revolution Sellers’ right, title and interest in and to certain specified oil and gas Properties and Equipment (each, as defined in the Revolution Purchase and Sale Agreement) within or related to certain designated lands in Oklahoma (the “Probable Oklahoma Divestiture”). The expected purchase price for the Probable Oklahoma Divestiture is $92.5 million, subject to customary post-closing adjustments, and the Probable Oklahoma Divestiture is expected to close on or about December 29, 2025. This disposition does not qualify as a discontinued operation.

Basis of Presentation

The unaudited pro forma condensed consolidated balance sheet is based on the unaudited condensed consolidated balance sheet of the Company as of September 30, 2025 and includes pro forma adjustments to give effect to both the East Texas Divestiture and the Probable Oklahoma Divesture as if the transactions had occurred on September 30, 2025. The unaudited pro forma condensed statement of consolidated operations for the nine months ended September 30, 2025 is based on the unaudited condensed statement of consolidated operations of the Company for the nine months ended September 30, 2025 and includes pro forma adjustments to give effect to both the East Texas Divestiture and the Probable Oklahoma Divesture as if the transactions had occurred on January 1, 2024. The unaudited pro forma condensed statement of consolidated operations for the year ended December 31, 2024 is based on the audited statement of consolidated operations of the Company for the year ended December 31, 2024 and includes pro forma adjustments to give effect to both the East Texas Divestiture and the Probable Oklahoma Divestiture as if the transactions had occurred on January 1, 2024.

The unaudited pro forma condensed consolidated financial information should be read in conjunction with the Company’s 2024 Annual Report on Form 10-K filed on March 5, 2025 and amended on April 17, 2025 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2025 filed on November 5, 2025.

Note 2. Pro Forma Adjustments and Assumptions

Unaudited Pro Forma Condensed Consolidated Balance Sheet

The following adjustments were made in the preparation of the unaudited pro forma condensed consolidated balance sheet as of September 30, 2025:

(a)

Pro forma adjustments to reflect the closing of the East Texas Divestiture, including the receipt of $122.0 million in proceeds, subject to customary post-closing adjustments, the elimination of the associated net assets as of September 30, 2025 and the estimated gain of $97.5 million to be recognized as a result of the transaction. The total proceeds of $122.0 million include approximately $2.6 million attributable to certain assets for which consents had not been obtained by the closing date, with management expecting to receive these additional proceeds post-closing.

(b)

Pro forma adjustment to reflect the use of the $115 million in proceeds from the East Texas Divestiture to repay borrowings under the Company’s revolving credit facility.

(c)

Pro forma adjustments to reflect the Probable Oklahoma Divestiture, including the receipt of $92.5 million in proceeds, subject to customary post-closing adjustments, the elimination of the associated net assets as of September 30, 2025 and the estimated gain of $2.1 million to be recognized as a result of the transaction.

(d)

Pro forma adjustment to reflect the use of the $8.0 million in the proceeds from the Probable Oklahoma Divestiture to repay borrowings under the Company’s revolving credit facility.

(e)

Pro forma adjustment to reflect the reduction of the deferred financing costs related to the Company’s revolving credit facility, assuming the debt repayments described in (b) and (d) above occurred on January 1, 2024.

(f)

Pro forma adjustment to reflect estimated professional fees and closing costs related to the East Texas divestiture and the Probable Oklahoma Divestiture.

Unaudited Condensed Consolidated Statement of Operations

The following adjustments were made in the preparation of the unaudited pro forma condensed statement of consolidated operations for the nine months ended September 30, 2025 and for the year ended December 31, 2024:

(g)

Pro forma adjustment to reflect the removal of operating revenues, operating expenses and capitalized interest related to the East Texas Divestiture.

(h)

Pro forma adjustment to reflect the removal of operating revenues, operating expenses and capitalized interest related to the Probable Oklahoma Divestiture.

(i)

Pro forma adjustment to reflect the reduction of interest expense related to the East Texas Divestiture and the Probable Oklahoma Divestiture, assuming the debt repayments described in (b) and (d) above occurred on January 1, 2024: (i) using the Company’s revolving credit facility weighted average interest rate of 8.45% for the nine months ended September 30, 2025 and (ii) an adjustment for capitalized interest.

(j)

Pro forma adjustments to reflect the reduction of the deferred financing costs related to the East Texas Divestiture and Probable Oklahoma Divestiture, assuming the debt repayments described in (b) and (d) above occurred on January 1, 2024.

(k)

Pro forma adjustment for estimated professional fees and closing costs related to the East Texas Divestiture and the Probable Oklahoma Divestiture.

(l)

Pro forma adjustment to reflect the reduction of interest expense related to the East Texas Divestiture and the Probable Oklahoma Divestiture, assuming the debt repayments described in (b) and (d) above occurred on January 1, 2024: (i) using the Company’s revolving credit facility weighted average interest rate of 9.27% for the year ended December 31, 2024 and (ii) an adjustment for capitalized interest.

Exhibit 99.2

Amplify Energy Announces Closing of East Texas Divestiture

HOUSTON, December 23, 2025 -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify,” the “Company,” “us,” or “our”) announced today that it closed the previously announced transaction to sell its interests in East Texas for a contract price of $122.0 million, subject to customary post-closing adjustments.

The previously announced divestiture of the Company’s Oklahoma assets is still expected to close by the end of 2025.

About Amplify Energy

Amplify Energy Corp. is an independent oil company engaged in the acquisition, development, exploitation and production of oil. Amplify’s operations are focused in Oklahoma, Beta (Pacific Offshore Continental Shelf) and Bairoil (Rockies). For more information, visit www.amplifyenergy.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. Terminology such as “may,” “will,” “would,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “outlook,” “continue,” the negative of such terms or other comparable terminology are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the anticipated divestiture of Amplify’s assets in Oklahoma. These statements address activities, events or developments that we expect or anticipate will or may occur in the future, including things such as projections of results of operations, plans for growth, goals, future capital expenditures, competitive strengths, references to future intentions and other such references. These forward-looking statements involve risks and uncertainties and other factors that could cause the Company’s actual results or financial condition to differ materially from those expressed or implied by forward-looking statements. These include risks and uncertainties relating to, among other things: the ability to complete the potential sale of the Company’s assets in Oklahoma on favorable terms, or at all; the Company’s evaluation and implementation of strategic alternatives; risks related to the redetermination of the borrowing base under the Company’s revolving credit facility; the Company’s ability to satisfy debt obligations; the Company’s need to make accretive acquisitions or substantial capital expenditures to maintain its declining asset base, including the existence of unanticipated liabilities or problems relating to acquired or divested business or properties; volatility in the prices for oil, natural gas and NGLs; the Company’s ability to access funds on acceptable terms, if at all, because of the terms and conditions governing the Company’s indebtedness, including financial covenants; general political and economic conditions, globally and in the jurisdictions in which we operate, including the Russian invasion of Ukraine, and ongoing conflicts in the Middle East, trade wars and the potential destabilizing effect such conflicts may pose for the global oil and natural gas markets; expectations regarding general economic conditions, including inflation; and the impact of local, state and federal governmental regulations, including those related to climate change and hydraulic fracturing, and potential changes in these regulations. Please read the Company’s filings with the SEC, including “Risk Factors” in the Company’s Annual Report on Form 10-K, and if applicable, the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, which are available on the Company’s Investor Relations website at https://www.amplifyenergy.com/investor-relations/sec-filings/default.aspx or on the SEC’s website at http://www.sec.gov, for a discussion of risks and uncertainties that could cause actual results to differ from those in such forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements in this press release are qualified in their entirety by these cautionary statements. Except as required by law, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future results or otherwise.

Contacts

Jim Frew -- President and Chief Financial Officer

(832) 219-9044

[email protected]

Michael Jordan -- Vice President, Finance and Treasury

(832) 219-9051

[email protected]